Zumper
modified
Updated 5+ Days Ago

Highlights

  • In unit laundry
  • Led light fixtures, energy efficient fixtures
  • Private deck, rear, side deck

Location

5431 S Michigan Ave, Chicago, IL 60615, USA|Washington Park
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Contact

Management

Northline Property Group

Leasing office

(844) 394-8701 ext. 3911

Property Overview

5431 South Michigan Avenue offers a strong blend of value, convenience, and features, with an 8.5/10 Zumper Expert Rating, a 10/10 price score, and a 9/10 location score. Notable features include in-unit laundry, LED and energy-efficient fixtures, and private rear and side decks, while 10 photos and strong value-for-money standing add to its appeal.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, 5431 South Michigan Avenue is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 5431 South Michigan Avenue has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Images Available

Floor plans

5431 South Michigan Avenue - 1F2 bed1 bath$1,625 /moRental Requirements - Approval requires first month's rent ($1625) - Non-refundable Move In Fee ($500) - Renters Insurance required - 2.5x rent - 700+ Credit score - Pets approved upon owners requests - Application fee ($35) - Tenants responsible for Gas, Electric and Cable/Internet

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Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Units1

About 5431 South Michigan Avenue

HomeApartments in ChicagoWashington Park 5431 South Michigan Avenue

Rental Requirements - Approval requires first month's rent ($1625) - Non-refundable Move In Fee ($500) - Renters Insurance required - 2.5x rent - 700+ Credit score - Pets approved upon owners requests - Application fee ($35) - Tenants responsible for Gas, Electric and Cable/Internet


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, 5431 South Michigan Avenue is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 5431 South Michigan Avenue has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 5431 South Michigan Avenue
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
5431 South Michigan Avenue offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 5431 South Michigan Avenue is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
5431 South Michigan Avenue is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·7A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While it may not have as many distinctive features as similar properties in the surrounding area, renters can trust 5431 South Michigan Avenue to provide reasonable accomodations and accurate details about its community.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
5431 South Michigan Avenue provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 5431 South Michigan Avenue compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Images Available
There are at least 10 photos of this property

Considerations

Greater distance from high schools
The nearest high school is farther than 0.6 miles away
Greater distance from middle schools
The nearest middle school is farther than 1.7 miles away
Greater distance from grade schools
The nearest elementary school is farther than 0.3 miles away
No laundry facilities available
This property doesn't offer on-site washers and dryers

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Rent trends in Washington Park

2-bedroom apartments at 5431 South Michigan Avenue cost about 16% more than the average rent price for 2-bedroom apartments in Washington Park.

Median rents as of Oct 10 2026.
Washington Park
Chicago
A table of 1-bedroom apartment rental data trends in Chicago
MonthMedian Rent
October 2024$2,155
November 2024$2,118
December 2024$1,961
January 2025$1,932
February 2025$1,991
March 2025$2,036
April 2025$2,050
May 2025$2,040
June 2025$2,012
July 2025$2,172
August 2025$2,064
September 2025$1,986
October 2025$1,940
November 2025$1,952
December 2025$1,950
January 2026$1,997
February 2026$2,041
March 2026$2,232
April 2026$2,219
May 2026$2,257
June 2026$2,198
July 2026$2,192
August 2026$2,189
September 2026$2,195
October 2026$2,250
A table of 1-bedroom apartment rental data trends in Washington Park
MonthMedian Rent
October 2024$1,100
November 2024$1,090
December 2024$1,100
January 2025$1,131
February 2025$1,162
March 2025$1,104
April 2025$1,049
May 2025$1,027
June 2025$1,099
July 2025$1,130
August 2025$1,143
September 2025$1,136
October 2025$1,128
November 2025$1,165
December 2025$1,148
January 2026$1,150
February 2026$1,150
March 2026$1,142
April 2026$1,182
May 2026$1,222
June 2026$1,300
July 2026$1,225
August 2026$1,204
September 2026$1,149
October 2026$1,195

Affordability calculator

Can I afford to live at 5431 S Michigan Ave?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$65,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $65,000 annually to afford this 2-bedrooms monthly rent price of $1,625.
For more information on rent affordability, visit our rent calculator.

Schools near 5431 South Michigan Avenue

Burke Elementary School

5356 s king dr

chicago, IL, 60615

PK, K-8Public
C-

Ariel Elementary Community Academy

1119 e 46th st

chicago, IL, 60653

PK, K-8Public
C-

Bronzeville Classical Elementary School

8 w root st

chicago, IL, 60609

K-6Public
A-

Woodlawn Elementary Community School

6657 s kimbark ave

chicago, IL, 60637

PK, K-6Public
C

South Shore Fine Arts Elementary School

1415 e 70th st

chicago, IL, 60637

PK, K-8Public
C
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Getting around Chicago near 5431 S Michigan Ave

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

8/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 5431 S Michigan Ave, Chicago

Groceries

7/10
Wide variety of groceries within a short drive, including some within walking distance

Shopping

7/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

6/10
Wide variety of cafés within a short drive, including some within walking distance

Restaurants

8/10
Wide variety of restaurants within a short drive, including some within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

7/10
At least one high school within a 15-minute walk

Parks

10/10
Exceptionally large amount of park space within a few minutes’ walk

Nightlife

5/10
Variety of bars within a short drive

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